Old Coins, Big Gains: Why Crypto’s on Fire Right Now 🔥
The crypto market has experienced a historic rally, driven by “seasoned” altcoins like XRP, ADA, HBAR, and XLM, with gains of up to 800%. The catalyst for this surge stems from former President Trump’s November proposal to eliminate capital gains taxes on U.S.-issued cryptocurrencies and the anticipated appointment of a crypto-friendly cabinet, including rumored SEC leadership changes.
Despite macro risks like inflation concerns, geopolitical tensions, and Korean instability, market sentiment remains bullish. With BTC eyeing $100K and ETH nearing all-time highs, the crypto market’s momentum appears set to continue.
What do you think? 💭
If you enjoy my content, feel free to tip me ❤️
